Brent prices are looking a touch weaker on Friday morning but the front month contract appears to have found support in the USD 60/bbl region, players said.
The September contract, the new front month for Brent North Sea crude oil, was last seen changing hands at USD 63.38/bbl, down 37 cents on the previous close. On Thursday, the August contract lost 34 cents day on day to close at USD 62.75.
Concerns about the pace of the economic recovery as well as a weak fundamental picture weighed on prices, said Victor Shum, analyst at Purvin &am
Freitag, 17.07.2009, 08:22 Uhr
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